Honda Cars India records 8% growth in annual sales

Honda Cars India records 8% growth in annual sales

Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered annual domestic sales of 183,787 units during FY18–19, recording 8% growth over last financial year. The company had sold 170,026 units during FY17-18.

The company registered monthly domestic sales of 17,202 units in March 2019, as compared to 13,574 units in the corresponding month last year, registering a growth of 27%.

Mr. Rajesh Goel, Senior Vice President and Director, Sales and Marketing, Honda Cars India Ltdsaid, “We have closed the financial year 2018-19 with a growth of 8%. Strong sales efforts from the dealers and company during the prevailing tough market scenario resulted in this growth rate, which is ahead of the industry. One of our growth drivers was the All New Amaze. The launch of our global bestsellers Civic and CR-V reinforced Honda’s premium product line-up.”He further added, “The iconic all-new Civic, which we launched last month has received an overwhelming response and will give the much needed boost to the executive sedan segment in India.”

HCIL exported a total volume of 4,794units during FY 18-19 with an export of 38 units during the month of March 2019.

Honda Cars India Ltd expanded its sales and distribution network across the country during the fiscal year 2018-19 to 381 facilities in 264 cities.

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Latika Bhargava
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